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Forex

NZD Tumbles to Two-Month Lows Amid Fed Hike Bets

Guavy AI Editorial Team
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The New Zealand Dollar (NZD) has reached two-month lows against the US Dollar (USD), trading at 0.5765 on Tuesday amid rising bets of Federal Reserve rate hikes.

According to Brown Brothers Harriman experts, the dovish interest rate projections by the Reserve Bank of New Zealand are likely to weigh on the NZD.

The NZD has been under pressure due to a mix of risk aversion and weak data from China, its main trading partner. The US Retail Sales release for August is expected to have little impact on USD volatility.

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